3I0-008 BrainDumps
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ACI<br />
<strong>3I0</strong>-<strong>008</strong><br />
ACI DEALING CERTIFICATE<br />
Demo Product<br />
To Buy Full Set of Exam Questions, Visit:<br />
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Question: 1<br />
How many USD would you have to invest at 3.5% to be repaid USD125 million (principal plus interest)<br />
in 30 days?
A. USD 124,641,442.43<br />
B. USD 124,636,476.94<br />
C. USD 124,635,416.67<br />
D. USD 123,915,737.30<br />
Answer: B<br />
Question: 2<br />
What is the day count/annual basis convention for euroyen deposits?<br />
A. Actual/365<br />
B. Actual/360<br />
C. Actual/actual<br />
D. 30E/360<br />
Answer: B<br />
Question: 3<br />
Todays date is Thursday 12th December. What is the spot value date? Assume no bank holidays.<br />
A. 14th December<br />
B. 15th December<br />
C. 16th December<br />
D. 17th December<br />
Question: 4<br />
EURIBOR is the:<br />
A. Daily fixing of EUR interbank deposit rates in the European market<br />
B. Daily fixing of EUR interbank deposit rates in the London market<br />
C. Another name for EUR EIBOR<br />
D. The ECBs official repo rate<br />
Question: 5<br />
Answer: C<br />
Answer: A<br />
Which of the following rates represents the highest investment yield in the euromarket?<br />
A. Semi-annual bond yield of 3.75 %<br />
B. Annual bond yield of 3.75 %<br />
C. Semi-annual money market yield of 3.75 %<br />
D. Annual money market rate of 3.75 %
Answer: C<br />
Question: 6<br />
Which of the following are transferable instruments?<br />
A. Eurocertificate of deposit<br />
B. US Treasury bill<br />
C. CP<br />
D. All of the above<br />
Answer: D<br />
Question: 7<br />
Which of the following is always a secured instrument?<br />
A. ECP<br />
B. Repo<br />
C. Interbank deposit<br />
D. CD<br />
Answer: B<br />
Question: 8<br />
Which of the following is sometimes called two-name paper?<br />
A. ECP<br />
B. BA or bank bill<br />
C. Treasury bill<br />
D. CD<br />
Answer: B<br />
Question: 9<br />
What usually happens to the collateral in a tri-party repo?<br />
A. It is put at the disposal of the buyer<br />
B. It is held by the seller in the name of the buyer<br />
C. It is held by the tn-party agent in the name of the buyer<br />
D. It is frozen in the sellers account with the tri-panty agent<br />
Answer: C<br />
Question: 10
Which type of repo is the least risky for the buyer?<br />
A. Delivery repo<br />
B. HlC repo<br />
C. Tri-party repo<br />
D. There is no real difference<br />
Answer: A<br />
Question: 11<br />
A customer gives you GBP 25 million at 6.625% same day for 7 days. Through a broker, you place the<br />
funds with a bank for the same period at 6.6875%. Brokerage is charged at 2 basis points per annum.<br />
What is the net profit or loss on the deal?<br />
A. Profit of GBP 299.66<br />
B. Profit of GBP 203.77<br />
C. Loss of GBP 299.66<br />
D. Loss of GBP 203.77<br />
Question: 12<br />
Question: 13<br />
Answer: B<br />
What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of<br />
3% that was issued at par for 182 days and is now trading at 3% but with only 7 days remaining to<br />
maturity?<br />
A. EUR 4,997,085.03<br />
B. EUR 5,000,000.00<br />
C. EUR 5,071,086.45<br />
D. EUR 5,072,874.16<br />
Answer: D<br />
A CD with a face value of USD50 million and a coupon of 4.50% was issued at par for 90 days and is<br />
now trading at 4.50% with 30 days remaining to maturity. What has been the capital gain or loss<br />
since issue?<br />
A. +USD 373,599.00<br />
B. +USD 186,099.00<br />
C. -USD 1,400.99<br />
D. Nil<br />
Answer: C
Question: 14<br />
The tom/next GC repo rate for German government bonds is quoted to you at 1.75-80%. As<br />
collateral, you sell EUR1O million nominal of the 5.25% bund July 2012, which is worth EUR<br />
11,260,000, with no initial margin. The Repurchase Price is:<br />
A. EUR 10,000,500.00<br />
B. EUR 10,000,486.11<br />
C. EUR 11,260,563.00<br />
D. EUR 11,260,547.36<br />
Question: 15<br />
Question: 16<br />
Question: 17<br />
Answer: C<br />
The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75- 80%. As<br />
collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, which is worth EUR<br />
28,137,500. If you impose an initial margin of 1%, the Repurchase Price is:<br />
A. EUR 27,947,276.43<br />
B. EUR 27,946,077.08<br />
C. EUR 27,950,071.43<br />
D. EUR 27,948,871.97<br />
If EUR/USD is quoted to you as 1.1050-53, does this price represent?<br />
A. The number of EUP per USD<br />
B. The number of USD per EUR<br />
C. Depends on whether the price is being quoted in Europe or the US<br />
D. Depends on whether the price is being quoted interbank or to a customer<br />
How much is a big figure worth per million of base currency it EUR/GBP is 0.6990?<br />
A. GBP 10,000<br />
B. EUR 10,000<br />
C. GBP 6,990<br />
D. EUR 6,990<br />
Answer: D<br />
Answer: B<br />
Answer: A
Question: 18<br />
What is the incentive for market-making?<br />
A. Bid/offer spread<br />
B. Flow information<br />
C. Relationships<br />
D. All of the above<br />
Answer: D
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